KMG EP’s Board of Directors Approves 2015 Revised Budget – Costing Brent at $51
JSC KazMunaiGas Exploration Production (“KMG EP” or the “Company”) announces the approval by the Board of Directors (“the Board”) of a revision to the Company’s 2015 budget. The 2015 budget was revised assuming the average annual Brent price of US$51 per barrel and an average annual exchange rate of 208 …
KMG E&P: 1H Results – Production Up 0.3%
JSC KazMunaiGas Exploration Production announces its operating results for the first six months of 2015. KMG EP, including its stakes in Kazgermunai (“KGM”), CCEL (“Karazhanbasmunai”) and PetroKazakhstan Inc. (“PKI”), produced 6,122 thousand tonnes of crude oil (250 kbopd) in the six months of 2015, an 0.3% increase over the same …
KMG E&P: 1H Results – Production Up 0.3%
JSC KazMunaiGas Exploration Production announces its operating results for the first six months of 2015. KMG EP, including its stakes in Kazgermunai (“KGM”), CCEL (“Karazhanbasmunai”) and PetroKazakhstan Inc. (“PKI”), produced 6,122 thousand tonnes of crude oil (250 kbopd) in the six months of 2015, an 0.3% increase over the same …
KMG EP: Approves the Revision of the 2015 Budget and Business Plan for 2015-2019
JSC KazMunaiGas Exploration Production (“KMG EP” or the “Company”) held its regular Board of Directors (“the Board”) meeting and the Annual General Meeting of Shareholders (“AGM”) on May 19, 2015. 2015 budget revision The Board of Directors approved the revision of the 2015 budget and business plan for 2015-2019. Production …
KazMunaiGas Exploration and Production: Q1 Results Production Down but Ahead of Targets
Today JSC KazMunaiGas Exploration Production announces its operating results for the first quarter of 2015. KMG EP including its stakes in Kazgermunai (KGM), CCEL (CCEL) and PetroKazakhstan Inc. (PKI) produced 3,037 thousand tonnes of crude oil (249 kbopd) for the first three months of 2015, which is slightly less than …
KMG EP: 2014 Results – Profit Down 67% with Ozenmunaigas Impairment Charge
JSC KazMunaiGas Exploration Production announces its consolidated financial statements for the year ended 31 December 2014. — Revenue in 2014 was 846bn Tenge (US$4,722m)1 mainly due to an increase in the average domestic sales price by 20% and higher export price in Tenge (because of an 18% increase in the …
KMG EP: Profit Up Five Fold Due to Foreign Exchange Gains
KazMunaiGas Exploration Production announces its condensed consolidated interim financial statements for the six months ended 30 June 2014. · Net profit for the first six months of 2014 was 210.3bn Tenge (US$1,193m) compared to 38.8bn Tenge (US$257m) in the same period of 2013 largely due to a significant before tax foreign exchange gain as …
KMG EP: Ups Q1 Production by 1%
JSC KazMunaiGas Exploration Production (“KMG EP” or “the Company”) announces its operating results for the first quarter of 2014. KMG EP produced 3,048 thousand tonnes of crude oil (250 kbopd) for the first three months of 2014, including the Company’s stakes in Kazgermunai (KGM), CCEL (CCEL) and PetroKazakhstan Inc. (PKI), …
KazMunaiGas Exploration Production: 2013 Financial Results, Profit Down 12%
JSC KazMunaiGas Exploration Production announces its consolidated financial results for the year ended 31 December 2013. The Company’s revenues in 2013 were 816.7bn Tenge (US$5,368m), 2% higher than in 2012. In 2013 average Brent price declined by 3% compared with 2012. Export sales volumes dropped by 1%, whereas domestic sales …
KMG EP: Board Meeting Results – Keen to Spend $300m USD on Exploration Activities
JSC KazMunaiGas Exploration Production held its regular Board of Directors meeting. Among the major decisions the Board approved the 2014 budget and business plan for the period of 2014-2018. Production In the first eleven months of 2013 production at Ozenmunaigas (OMG) increased by 5% compared with the corresponding period of …